UK plans to create pension megafunds to unlock $100 bn for investment

Q: How long will it take to read this news story?

The story "UK plans to create pension megafunds to unlock $100 bn for investment" has 475 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "UK plans to create pension megafunds to unlock $100 bn for investment" was covered 9 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 239 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23598974</li><li>URL: https://beamstart.com/news/uk-plans-to-create-pension-17316516263042</li></ul>

Business Standard Logo Business Standard 9h ago

UK plans to create pension megafunds to unlock $100 bn for investment - Business Standard

Quick Summary:

British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the UK's subpar economic growth.

In her first so-called Mansion House speech, an annual ritual for British chancellors of the exchequer, Reeves said the changes could help unlock 80 billion pounds (USD 100 billion) for investment.

Pension funds invest in a variety of assets, such as shares, bonds, real estate and infrastructure, in an attempt to increase the retirement benefits for their members.